On February 4, 2022, the House of Representatives passed the America COMPETES Act of 2022 (H.R. 4521). Among other things the bill would exempt international science, technology, engineering, and mathematics (STEM) PhD graduates from the green card numerical cap, create a new visa category for entrepreneurs, and provide temporary protected status for Hong Kong residents. A conference committee is expected to address significant differences between the House bill and the Senate’s U.S. Innovation and Competition Act (S. 2012), a similar bill passed earlier this year. 

The House bill can be found here, and a summary of the bill here.